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's stupid. >> john boehner said no rates are going up two weeks ago. >> so the other one is total gridlock, which looks possible at this point. >> then you get a fiscal cliff scenario. that's when those cuts actually kick in and there is no other way to say it. it will be pretty bad. you'll get tax increases and budget cuts. some fiscal conservatives would say that's the economy, which is only growing at 2%, would take such a jolt. i think the markets could do down below 10,000. >> your third scenario would be a grand bargain. what would that look like and would this be good for obama's legacy? >> it would be great for his legacy. he believes his legacy is about fairness. one of the things he has run on, follow him economically, i'm very concerned about it, is this notion of tax fairness. that the rich have gotten richness while the poor have gotten poorer. there are statistics that back that up. but he doesn't really take into account the economic impact of raising those upper rates. it's more than upper rates that he wants to raise, it's taxes on dividends, capital gains to pay for obam
% of americans. >> house republican speaker john boehner says the gop is looking for a deal that cuts spending and closes tax loopholes and some deductions rather than raising tax rates. back to you guys in new york. >> steve: all right. north lawn of the white house, thank you. >> gretchen: see how we all got the blue memo? we all look so nice together. she had on a blue scarf. >> brian: the question is, what is laura ingraham wearing. >> steve: i know one way to find out. >> gretchen: oh, yellow. hail to sweden. >> steve: how are you? >> hey, guys. nice to see you. >> steve: what did you make of this, the white house is saying unless the republicans roll over and do everything that the white house wants with this fiscal cliff at the conclusion of the year, you mean old republicans will ruin christmas economically for the country? >> yeah. it's the gop who stole christmas. who is going to be narrating this? who will play the dog with the fake antlers? it seems we've seen this special before. the sky is always falling when president obama wants to cram down legislation or initiatives without r
in the summer of 2011 when they tried to get a grand bargain with john boehner. he will negotiate with the congress. we'll go out campaign style. it never ends . gretch mentioned twitter, they have launchhed a hash tag my 2 k to get people to explain how it impacts them. it is turning out to be a dud. >> brian: two things to be noted. dick durbin gave the encouraging quote. everything should be on the table. we have to get ourselves out of i had to read it three times because he is number two ranking democrat. and i read behind the scenes, it is a disaster in terms of negotiations moving forward . the word they are using is pathetic about the lack of progress. >> steve: logger heads. >> gretchen: which is what i am talking about. this is the quote that steve hayes brought up on the special report on fox news. when president obama was first elected he talked about how to bring down the deficit and campaign promise to cut it in half and he would do it by focusing on entitlement reform. >> steve: there is the national debt right now. >> gretchen: why doesn't he bring the people to th
Search Results 0 to 2 of about 3